Fund Raisings, Surveys, Acquisitions, and Sales - Research Report on Morgan
Stanley, Charles Schwab, CME Group, Stifel, and BGC
Editor Note: For more information about this release, please scroll to bottom
PR Newswire
NEW YORK, July 4, 2013
NEW YORK, July 4, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Morgan
Stanley (NYSE: MS), The Charles Schwab Corporation (NYSE: SCHW), CME Group
Inc. (NASDAQ: CME), Stifel Financial Corp. (NYSE: SF), and BGC Partners, Inc.
(NASDAQ: BGCP). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
links below.
Morgan Stanley Research Report
On July 1, 2013, Morgan Stanley Investment Management (MSIM) announced that
Morgan Stanley Alternative Investment Partners (AIP) raised $770 million in
commitments for the Morgan Stanley Global Secondary Opportunities Fund LP II
(GSOF II). According to the Company, the GSOF II is a fund dedicated to
acquiring interests in private equity funds in the secondary market. MSIM
stated that the capital raised exceeded AIP's initial $600 million target. "We
believe substantial opportunities continue to exist in areas of the market
where we focus and that our solutions-based approach to secondary investing
will remain attractive to both sellers and general partners through all phases
of the economic cycle," said Jon Costello, Senior Portfolio Manager for the
AIP Private Equity Secondary team. "We continue to be a buyer of secondaries
across our platform and will continue to focus on what we believe are less
efficient segments of the secondary market globally." The Full Research Report
on Morgan Stanley - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/ea6a_MS]
--
The Charles Schwab Corporation Research Report
On June 27, 2013, The Charles Schwab Corporation (Charles Schwab) released a
new study, Advice and the Affluent Investor: A Study of Attitudes and Behavior
by Charles Schwab (AAIS), which showed that seven in 10 affluent investors
feel today's financial markets are too complicated to navigate without an
advisor. Further, 1/3^rd of the 1,000 participants (affluent Americans who
receive some form of professional financial advice) said that their desire for
investment advice has increased in the past year; 3/4^th said that they are
most confident making investment decisions when they collaborate with their
investment professional; only 1/3^rd said they feel the same level of
confidence when making investment decisions by themselves. "Regardless of how
much and how deep the advice, today's affluent investors have one thing in
common: they want a trusted expert on their side looking at the big picture on
their behalf," said Bernie Clark, Executive Vice President and Head of Schwab
Advisor Services. The Full Research Report on The Charles Schwab Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/32a4_SCHW]
--
CME Group Inc. Research Report
On July 1, 2013, CME Group Inc. (CME Group) announced that the first USD
Malaysian Crude Palm Oil Calendar Swaps between Gunvor Group and Louis Dreyfus
Commodities were cleared on June 21, 2013, through CME ClearPort. Based on
prices from Bursa Malaysia Derivatives' (BMD) Crude Palm Oil futures contract
(FCPO), the USD Malaysian Crude Palm Oil Calendar Swap fills a niche area for
customers who are looking both to trade in the far forward months, and for
these trades to be universally cleared by a central counterparty as opposed to
bilaterally between parties. "These new calendar swaps provide an additional
tool for customers in Singapore, Malaysia, and around the world, to manage
counterparty risk in their underlying cash positions in crude palm oil," said
Nelson Low, Executive Director of Commodity Products at CME Group. The Full
Research Report on CME Group Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.wsreports.com/r/full_research_report/fc14_CME]
--
Stifel Financial Corp. Research Report
On July 1, 2013, Stifel Financial Corp. (Stifel) announced the completion of
the acquisition of the US institutional fixed income sales and trading
business and the hiring of the European institutional fixed income sales and
trading team from Knight Capital Group, Inc. (Knight). "The addition of
Knight's fixed income sales and trading business in the US and Europe is
highly complementary to our current platform," said Ronald J. Kruszewski,
Chairman, President, and CEO of Stifel. "The London team expands our presence
in Europe, where we previously did not have fixed income operations, and the
US team gives us a stronger domestic platform through additional products and
services." The Full Research Report on Stifel Financial Corp. - including full
detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/6494_SF]
--
BGC Partners, Inc. Research Report
On July 1, 2013, BGC Partners, Inc. (BGC) announced that it has closed the
sale of its benchmark on-the-run, 2-, 3-, 5-, 7-, 10-, and 30-year fully
electronic trading platform for US Treasury Notes and Bonds to NASDAQ OMX
Group, Inc. (NASDAQ OMX). According to BCG, the purchase consideration
consists of $750 million in cash paid upon closing, plus an expected earn-out
of up to $484 million of NASDAQ OMX common stock to be paid ratably over 15
years, assuming that NASDAQ OMX generates at least $25 million in revenues
each year. The Company also informed that NASDAQ OMX purchased certain assets
and assumed certain liabilities from BGC and its affiliates, at market close
on June 28, 2013. The Full Research Report on BGC Partners, Inc. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.wsreports.com/r/full_research_report/2246_BGCP]
----
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